04-22-1998 Council Minutes Board of Review

Home Browse Search

• MINUTES OF THE BOARD OF REVIEW MEETING HELD APRIL 22, 1998 5. Glen Neddermeyer. 709 Minnetonka Highlands, #06- 117 -23 44 0010 - Mr. Neddermeyer stated that he had talked to the Assessor about his lakeshore property. In 1996 his land was valued at $154,000, in 1997 at $177,000 and in 1988 at $214,000 for a 21% increase. His home went from $112,000 to $118,000. The home was built in 1976 with no garage and is in need of the usual repairs. He felt his property was comparable to other properties in the area but they have more expensive homes. He believed that since his home was of a lower value, the land should be similarly considered. Erickson will review his property. 6. Chuck VanEeckhout, 120 Brown Road South, #03- 117 -23 12 0005 - Mr. VanEeckhout stated his 1998 valuation was at $408,000. His house could be replaced for $150,000 which is $60 /s.f. His current house is a simple house that is 28 years old and needs repairs. He felt today's value would be at $120,000. He has 120 acres of land with Long Lake Creek running through it. The City has placed restrictions on the property because of the shoreland ordinances and wetland setbacks, which leaves only 23 acres for development. He felt a land value of $10,000 per acre was fair. In 1970 he had an estimate to have the property developed into 16 lots. That would not be possible today because of the restrictions. A few years ago the property was valued at $269,000. Kelley stated it was appropriate to determine how many buildable lots could be created on his property. He suggested VanEeckhout talk is to the Zoning Department to begin that process. The Assessor will revisit this property file. VanEeckhout felt the property should be valued at lower levels at this time. LJ 7. Jack LeI2121a, 4040 Dahl Road, #07- 117 -23 11 0021 - Mr.Leppla was unable to reach the Assessor because he had been out of town. He stated he was appearing to protect his interest in the appeal process. His property value went up 8.4% last year and 12.6% this year. He would like to discuss these increases since there were no improvements made to the property. He will make an appointment to have the Assessor visit his property. 8. Marnix Guillaume, 1075 Tonkawa Road, #08- 117 -23 13 0002 - Mr. Guillaume asked what new improvement meant. Jabbour responded that something was added. Mr. Guillaume stated that he had supposedly done $83,700 worth of improvements in 1997 and $148,000 in 1998, but nothing had been done since he purchased the property in March of 1997. Erickson asked if improvements had been made before he purchased the property. Guillaume confirmed that the previous owner had made improvements. Erickson explained that 1995 improvements are payable in 1997, and 1996 improvements are assessed as of January 2, 1997 and are payable in 1998. Guillaume noted his valuation went up 10% this year. Jabbour responded that the purchase price defines the market value. Erickson stated he would review the records on this property to be sure the improvements are calculated correctly. 3